Russia Sees GDP Grow 5% In Third Quarter
In its latest monetary policy report published on Tuesday, Russia’s central bank says that the nation’s GDP grew by 5.1% year-over-year for the third quarter of the year. The regulator…
Bloomberg: UK Likely Already In Recession
On Monday, Bloomberg issued an analysis finding the UK has likely already entered a recession as interest rates have soared and unemployment has accelerated. According to the report by Bloomberg…
IMF Upgrades China’s GDP Growth Forecast
On Tuesday, pointing to a “strong” post-COVID-19 recovery, the International Monetary Fund upgraded its 2023 gross domestic product growth forecast for China to 5.4% from 5%, however it said the…
Germany’s SPD Party Goes All In On Redistribution Of Wealth
On Monday, the RND news outlet reported that Chancellor Olaf Scholz’s Social Democrats (SPD), the ruling party in Germany, has prepared an initiative which would restructure the economy in an…
Canada Sees Economy Heading For Slowdown
According to the Canadian government’s statistics office, the Canadian economy was flat in August, and likely slipped into a shallow contraction in the third quarter. Analysts attribute the slowdown to…
China Sees First Deficit In Foreign Investment As West “De-Risks”
According to the latest balance of payments data, amid a wave of “de-risking” moves by Western governments, China marked its first-ever quarterly deficit in foreign direct investment (FDI), highlighting the…
Indonesia GDP In Third Quarter Weakest In Two Years
Official data released Monday showed that the annual economic growth of Indonesia slowed more than was forecast in the third quarter, hitting its weakest reading in two years, due mostly…
Italian Trade Group Says Russian Sanctions Hurt EU, Accomplished Nothing
An Italian trade group is decrying the sanctions levied against Russia, saying it has hurt the economies of Europe more than it has harmed Russia. In an interview with Russian…
Polish Truckers To Block Border Crossing With Ukraine To Protest EU Rules Favoring Kiev
Polish truck drivers have announced that they will block three border crossings with Ukraine on Monday, in an effort to attract attention to the harm done to them by the…
German Economic Data Again Triggers Recession Fears
On Monday, the German federal statistics office, Destatis, reported that the German GDP fell 0.1% on the third quarter compared to the previous three months, off higher interest rates and…
